Equipment Rent Sample Clauses

Equipment Rent. Lessee shall pay to Lessor, as rent for the lease of the PET Scanner and Ancillary Equipment hereunder, an amount equal to all debt service and other payments, sums and charges due to the Equipment Lender under the Loan Documents (the "Equipment Rent"). The Equipment Rent will be due and payable on each date in each month during the Term hereof that Lessor is required to pay any such debt service, payments, sums and other charges to the Equipment Lender under the Loan Documents, until such time as Lessor's obligations to the Equipment Lender under the Loan Documents have been fully satisfied. If, at any time during the Term of this Lease, Lessor and the Equipment Lender change the terms of the debt service relating to the sums borrowed by Lessor to finance its purchase of the PET Scanner and the Ancillary Equipment, the Equipment Rent shall be adjusted (commencing on the date that any such change becomes effective) by an amount equal to any such modified debt service. All payments of Equipment Rent (and other amounts payable by Lessee under this Lease) shall be paid to Lessor by check at the address of Lessor set forth in Section 12.2 hereof, or at such other address as Lessor shall designate in writing to Lessee at least five (5) business days prior to the due date thereof. All payments of Equipment Rent (and other amounts due under this Lease) shall be paid to Lessor without any deduction, reduction, abatement or set-off unless otherwise agreed to in writing by Lessor.
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Equipment Rent. 3.1 The rent for the use of the Equipment for the period DATE to DATE payable by CHEQUE OR OTHER METHOD to GYPSD shall be AMOUNT ($ NUMBER) payable on the date of commencement of this Agreement, based on an annual rent of AMOUNT ($ NUMBER). Thereafter starting on September 1 the annual rent shall be increased in accordance with the provisions hereinafter set out regarding automatic rent increases and shall be paid annually on each September 1 during the currency of this Agreement or any renewal. The last payment under this Lease or any renewal shall be prorated by dividing the annual rent that would be payable by twelve (12) and multiplying the result by the number of month’s remaining in this Lease or the renewal term as the case may be. (hereinafter referred to as the "Equipment Rent") 3.2 During the Term or at the expiry of the Term of this Agreement, ILNO may purchase the Equipment from GYPSD at the price originally paid by GYPSD as outlined in Schedule "B" attached hereto and forming part of this Agreement.
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Equipment Rent. Lessee shall pay to Lessor, as rent for the lease of the Scanner and Ancillary Equipment hereunder, an amount equal to all debt service and other payments, sums and charges due to the Equipment Lender under the Loan Documents (the "Equipment Rent"). The Equipment Rent will be due and payable on each date in each month during the Term hereof that Lessor is required to pay any such debt service, payments, sums and other charges to the Equipment Lender under the Loan Documents, until such time as Lessor's obligations to the Equipment Lender under the Loan Documents have been fully satisfied. All payments of Equipment Rent (and other amounts payable by Lessee under this Lease) shall be paid to Lessor by check at the address of Lessor set forth in Section 12.2 hereof, or at such other address as Lessor shall designate in writing to Lessee at least five (5) business days prior to the due date thereof. All payments of Equipment Rent (and other amounts due under this Lease) shall be paid to Lessor without any deduction, reduction, abatement or set-off unless otherwise agreed to in writing by Lessor. Lessee hereby grants Lessor a first lien and security interest in the fees payable to it under the License Agreement in order to secure payment to Lessor of the Equipment Rent and the Premises Rent and Additional Premises Rent (as such terms are hereinafter defined). Lessee will execute all UCC financing statements and other instruments requested of it by Lessor to perfect such lien and security interest. In the event of any breach or default by Lessee of its obligations to pay such Equipment Rent, Premises Rent and/or Additional Premises Rent to Lessor hereunder, Lessor shall have, as a non-exclusive remedy therefor, all rights and remedies of a secured creditor under the applicable provisions of the Uniform Commercial Code with respect to the aforementioned lien and security interest.
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Equipment Rent. 3.1 The rent for the use of the Equipment for the period DATE to DATE payable by CHEQUE OR PAYMENT TYPE to GYPSD shall be AMOUNT ($AMOUNT) payable on the date of commencement of this Agreement, based on an annual rent of AMOUNT ($AMOUNT) Thereafter starting on September 1 the annual rent shall be increased in accordance with the provisions hereinafter set out regarding automatic rent increases and shall be paid annually on each September 1 during the currency of this Agreement or any renewal. The last payment under this Lease or any renewal shall be prorated by dividing the annual rent that would be payable by twelve (12) and multiplying the result by the number of month’s remaining in this Lease or the renewal term as the case may be. (hereinafter referred to as the "Equipment Rent") 3.2 The Equipment rent shall automatically increase on the first day of September in each year during the currency of this Agreement or any renewal. The amount of the increase shall be calculated on the annual rent in effect on the day prior to the first day of the renewal period. 3.3 The increase in the Equipment rent referred to under Article 4.3 3.3 shall be the cumulative percentage increase in the general Consumer Price Index (CPI) for Canada over the period prior to the first day of the renewal period. The determination of the increase in the CPI shall be made by GYPSD using information and the calculator published by Statistics Canada on its web site, which calculation shall be conclusive and shall be accepted by both Parties. 3.4 Shall pay the Equipment rent when due in full without any set off, abatement or deduction for any reason. 3.5 The Equipment rent shall be paid to GYPSD at its address set out hereinafter unless ILNO is directed otherwise in writing.
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Equipment Rent. The Sublessee shall pay to CROET equipment rental, for the PSP, according to the following terms: (1) $ [Confidential Treatment Requested] per month until the equipment becomes operational. (2) $ [Confidential Treatment Requested] per month after the equipment becomes operational, whether or not it continues in operation.
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Equipment Rent. All conditions of equipment rent are described in the contract, with which the Customer agrees at the time of payment. For the rent period all property rights for the leased equipment belong to ECOS-M and not transferred to the Customer. In case of equipment rent ECOS-M is fully responsible for the equipment maintenance and issues related to equipment breakdown do not affect the Customer’s income accrual under the Contract.
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Equipment Rent. Subject to the terms and conditions set forth herein, Company and Distributor shall execute and deliver Equipment Schedules (in form and substance as identified on Attachment 1 herein) pursuant to this Master Rent (each, an “Equipment Schedule”) and pursuant to each Equipment Schedule the Company shall rent to Distributor the equipment and other property described on such Equipment Schedule (together with any attachments, replacements, parts, substitutions, repairs, accessions and accessories thereto, and software incorporated therein, the "Equipment”). Each Equipment Schedule will incorporate by reference this Master Rent and will specify certain terms relating to the renting of the Equipment (this Master Rent as incorporated into each Equipment Schedule, a “Rent”). Each Equipment Schedule, together with this Master Rent, shall constitute a separate and enforceable Rent. In the event that any term of any Equipment Schedule conflicts with or is inconsistent with any term of this Master Rent, the terms of the Equipment Schedule shall govern. As used herein, the term “Item of Equipment”, as it relates to any Equipment, shall have the meaning specified in the Equipment Schedule relating to such Equipment and if no such meaning is specified therein, “Item of Equipment” shall mean the Equipment as a whole.
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Equipment Rent 
Sample 1

Related to Equipment Rent

  • Equipment Rental Copies of rental agreements for the equipment used, including the rental rate; and the number of hours the equipment was used on the project.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Office Space, Equipment and Facilities Provide such office space, office equipment and office facilities as are adequate to fulfill the Adviser’s obligations hereunder.

  • LESSOR'S ACCESS; SHOWING PREMISES; REPAIRS Lessor and Lessor's agents shall have the right to enter the Premises at any time, in the case of an emergency, and otherwise at reasonable times for the purpose of showing the same to prospective purchasers, lenders, or lessees, and making such alterations, repairs, improvements or additions to the Premises or to the Building, as Lessor may reasonably deem necessary. Lessor may at any time place on or about the Premises or Building any ordinary "For Sale" signs and Lessor may at any time during the last one hundred eighty (180) days of the term hereof place on or about the Premises any ordinary "For Lease" signs. All such activities of Lessor shall be without abatement of rent or liability to Lessee.

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on July 15, 2023, or such earlier date on which the Lease shall be terminated as provided therein.

  • Rental Equipment 7.1 We will at all times own all Rental Equipment supplied to you. You will not let, sell, charge, assign, sub-license or allow a third party to use the Rental Equipment nor remove any labels, and shall not prejudice our rights in the Rental Equipment in any way. We may replace the Rental Equipment from time to time either with your prior consent or provided that the replacement Rental Equipment is of a specification that is at least equal to the Rental Equipment originally supplied and such change does not materially disrupt the provision of the Services. 7.2 Subject to the other terms of this paragraph 7, we (or our authorised representative) shall, during our usual working hours: 7.2.1 where necessary install the Rental Equipment at your premises at a time and date agreed with you; and 7.2.2 use our reasonable endeavours to repair any faults to the Rental Equipment in accordance with our standard procedures (which are available on request). 7.3 It is your responsibility to look after the Rental Equipment that is in your possession or custody and you agree to pay for the Rental Equipment to be replaced or repaired if it is lost, stolen or damaged. 7.4 You will notify us promptly of any faults which occur, any repairs which become necessary, and of any loss, theft or damage to the Rental Equipment. 7.5 You agree that you will only use the Rental Equipment in conjunction with the relevant Services and shall comply with our reasonable instructions in relation to its use. 7.6 You shall be responsible for maintaining adequate cover in place to insure the Rental Equipment while it remains in your possession and custody. You will also be responsible for obtaining and, where appropriate, paying for all necessary licenses, consents and approvals required for the installation and use of the Rental Equipment. 7.7 You will not (and you will ensure that no-one else will) repair, alter, modify or maintain, or make any additions or attachments to, or otherwise alter, the Rental Equipment without our prior written consent. We will not be liable for any costs or charges incurred, faults caused by, or repairs required as a result of, installation or programming of Rental Equipment that is carried out by any other person (other than our employees or agents). You agree to indemnify us for all losses, damages and expenses that are brought against or incurred by us, arising as a result of the same. 7.8 On expiry or termination of the Agreement or the relevant Service, all Rental Equipment must be returned to us in reasonable condition, subject to reasonable wear and tear. If you fail to return or make available for collection the Rental Equipment in a reasonable condition or at all we may, at our option, invoice you for a sum equal to the original cost of the Rental Equipment less any depreciation together with any costs reasonably incurred by us. 7.9 In the event that you return Rental Equipment to us and it is not received by us, in the absence of reasonable evidence that the Rental Equipment has been delivered to us you accept that you shall remain liable for the Rental Equipment.

  • Additional Rental (a) For purposes of this Lease, "Tenant's Forecast Additional Rental" shall mean Landlord's reasonable estimate of Tenant's Additional Rental for the coming calendar year or portion thereof. If at any time it appears to Landlord that Tenant's Additional Rental for the current calendar year will vary from Landlord's estimate by more than five percent (5%), Landlord shall have the right to revise, by notice to Tenant, its estimate for such year, and subsequent payments by Tenant for such year shall be based upon such revised estimate of Tenant's Additional Rental. Failure to make a revision contemplated by the immediately preceding sentence shall not prejudice Landlord's right to collect the full amount of Tenant's Additional Rental. Prior to the Rental Commencement Date and thereafter prior to the beginning of each calendar year during the Lease Term, including any extensions thereof, Landlord shall present to Tenant a statement of Tenant's Forecast Additional Rental for such calendar year; provided, however, that if such statement is not given prior to the beginning of any calendar year as aforesaid, Tenant shall continue to pay during the next ensuing calendar year on the basis of the amount of Tenant's Forecast Additional Rental payable during the calendar year just ended until the month after such statement is delivered to Tenant.

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Rent Subtenant shall pay as base rent commencing on January 1, 2008 ("Rent Commencement"). Subtenant shall pay monthly base rent as follows: January 1, 2008 – November 30, 2008: $ [***] December 1, 2008 – October 31, 2009: $ [***] Notwithstanding the foregoing, Subtenant shall also be responsible for the cost of electricity provided to the Sublease Premises. In the event that the term of this Sublease shall begin or end on a date that is not the first day of a month, base rent shall be prorated as of such date. Concurrent with Subtenant's execution of this Sublease, Subtenant shall deliver to Sublandlord the first full month's base rent in the amount of $[***] and a security deposit in the amount of $[***] (the "Security Deposit"). If Subtenant defaults with respect to any covenant or condition of the Sublease, including but not limited to the payment of base rent or any other payment due under this Sublease or the Lease, Sublandlord may apply all or any part of the Security Deposit to the payment of any sum in default or any other sum that may be required or deemed necessary by Sublandlord to spend or incur by reason of Subtenant's default. In such event Subtenant shall, upon demand, deposit with Sublandlord the [***] Confidential portions of this document have been redacted and filed separately with the Commission. amount necessary to replenish the Security Deposit. If Subtenant shall have fully complied with all of the covenants and conditions of this Sublease, the Security Deposit shall be repaid to Subtenant within thirty (30) days after the expiration or sooner termination of this Sublease. Sublandlord shall not be required to keep the Security Deposit in a separate account, but may commingle the Security Deposit with other funds of Sublandlord. Subtenant shall not be entitled to receive any interest on the Security Deposit.

  • Base Rental (a) Lessee hereby agrees to pay to Lessor, without setoff or deduction whatsoever, in accordance with the Schedule of Base Rent attached hereto as EXHIBIT D ("Base Rental). Lessee shall also pay, as additional rent [or Forecast Additional Rent ], all such other sums of money as shall become due from and payable by Lessee to Lessor under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from and payable by Lessee pursuant to this Lease are sometimes hereinafter collectively called "rent"), for the nonpayment of which Lessor shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. The annual Base Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in advance in twelve (12) equal installments on the first 1st day of each calendar month during the term of this Lease, and Lessee hereby agrees so to pay such Base Rental and any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as may be designated by Lessor in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than first (1st) day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, and the installment or installments so prorated shall be paid in advance. (b) In the event any installment of the Base Rental, or any other sums which may become owing by Lessee to Lessor under the provisions hereof are not received within Five (5) days after the due date thereof (without in any way implying Lessor's consent to such late payment), Lessee, to the extent permitted by law, agrees to pay, in addition to said installment of the Base Rental or such other sums owed, a late payment charge equal to ten percent (10%) (Late Fee) of the installment of the Base Rental or such other sums owed. Notwithstanding the foregoing, the foregoing late charges shall not apply to any sums which have been advanced by Lessor to or for the benefit of Lessee pursuant to the provisions of this Lease, it being understood that such sums shall bear interest, which Lessee hereby agrees to pay to Lessor, at the lesser of fifteen percent (15%) per annum or the maximum rate of interest permitted by law to be charged Lessee for the use or forbearance of such money.

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